The U.S. Commodity Futures Trading Commission has sent subpoenas to the world’s largest cryptocurrency exchanges Bitfinex and Tether as there are significant questions surrounding the value of their tokens.
Bitcoin is a revolutionary system able to disrupt the entire industry of finance. It is fully decentralized and, therefore, almost impossible to be controlled or tracked. Despite such potential, there is another side to this medal. By providing its users with security and anonymity, it has become the best friend of… criminals.
Bitcoin and other cryptocurrencies have tended to be burning topics for discussion over the years. Despite its huge potential for the financial market, there are also major cases of hacks and fraud people should be aware of when deciding on making investments.
Blockchain technology has been used outside of the cryptocurrency industry for a long time now. It has the potential to disrupt many industries as well as make them faster and more efficient. And now the blockchain is going to go underwater.
Energy trading giants including Eni Trading & Shipping, Total, Gazprom Marketing & Trading Limited, Mercuria, Vattenfall, Petroineos and Freepoint, are planning to use a blockchain-based system within the pilot European energy project for trading resources.